If Jos Maria's utility function is U(q 1 , q 2 ) = q 1 + Aq

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If José Maria's utility function is U(q₁, q₂) = q₁ + Aq₁^a q₂^b + q₂, what is his marginal utility from q2? What is his marginal rate of substitution between these two goods?

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Microeconomics Theory and Applications with Calculus

ISBN: 978-0133019933

3rd edition

Authors: Jeffrey M. Perloff

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Question Posted: Sep 21, 2024 05:17 AM

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If Jos Maria's utility function is U(q 1 , q 2 ) = q 1 + Aq

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Microeconomics Theory and Applications with Calculus

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